Atlantic Coast Airlines Stockholders Vote Confirms 2-for-1 Common Stock Split.DULLES, Va.--(BUSINESS WIRE)--May 5, 1998--The stockholders of Atlantic Coast Airlines Atlantic Coast Airlines (IATA: DH, ICAO: BLR, and Callsign: Blue Ridge) was an airline based in the United States owned by Atlantic Coast Holdings, Inc.. It operated as United Express for United Airlines and Delta Connection for Delta Air Lines. , Inc. (NASDAQ/NM: ACAI), parent company of Atlantic Coast Airlines (ACA ACA - Application Control Architecture ), which operates in the Eastern United States as United Express, today approved, at their annual meeting, an amendment to the Company's Certificate of Incorporation certificate of incorporation n. some states issue a certificate to prove a corporation's existence upon the filing of Articles of Incorporation. In most states the Articles are sufficient proof. to increase the total number of shares that the Company is authorized to issue to 76 million shares. This approval enables the Company to complete its 2-for-1 common stock split declared by its Board of Directors on April 14, 1998. This common stock split is payable as a stock dividend on May 15, 1998, to stockholders of record at the close of business on April 24, 1998. The stockholders also approved an amendment to the Certificate of Incorporation changing the name of the parent company to Atlantic Coast Airlines Holdings, Inc. The name change will be effective upon filing the amendment with the State of Delaware, which should occur within the next few days. Atlantic Coast Airlines offers more than 220 departures every business day from its hub at Washington Dulles International Airport Washington Dulles International Airport (IATA: IAD, ICAO: KIAD, FAA LID: IAD) is a public airport located 25 miles (40 km) west of the central business district of Washington, D.C., in Loudoun County and Fairfax County, Virginia, United States. , more than all other carriers combined. Currently, the airline serves 46 destinations in 20 states with more than 500 nonstop flights. ACA's route system spans the East Coast from Maine to Florida. The airline operates a fleet of 68 jet and turboprop turboprop: see turbine. turboprop Hybrid engine that provides jet thrust and also drives a propeller. It is similar to the turbojet except that an added turbine, behind the combustion chamber, works through a shaft and speed-reducing gears to turn a aircraft including eight 50-passenger Canadair Regional Jets, 32 29-passenger Jetstream 41 and 28 19-passenger Jetstream 32 turboprop aircraft. The average age of the ACA fleet is approximately five years. Note: Updated information on schedules, routes, corporate news and current promotions is available on the Atlantic Coast Airlines website: www.atlanticcoast.com. CONTACT: Atlantic Coast Airlines Jennifer Heronema, Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Manager 703/925-6019 |
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